Tag: health insurance costs

Study highlights cost of health insurance for state employees

S.Vagus
Health Insurance time decision

States are spending $31 billion a year on covering their workers A new study from Pew Charitable Trusts shows that states have paid some $31 billion to ensure that their workers have health insurance coverage. The study is meant to offer some insight into the largest source of a state’s health care spending. Medicaid spending pales in comparison to the amount of money spent on keeping state workers covered through insurance plans. The amount of money being spent by states varies and is largely based on the insurance plans that…

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Wellness programs are having an impact on health insurance

S.Vagus
health insurance wellness gym

Survey shows that wellness programs are becoming much more popular among businesses M3 Insurance has released the results of a new survey concerning workplace wellness programs. These programs are often instituted by employers as a way to cut down on their health insurance premiums. Insurers sometimes offer discounted rates for those participating in these programs as they are making an effort to stay healthy. Those outside of wellness programs tend to have higher rates on average as insurers believe they are more of a financial risk. 77% of businesses in…

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Catalog highlights efforts to limit health insurance rate increases

Logan B.
Health Insurance rate increases

New catalog tracks state endeavors to mitigate the rate at which insurance coverage is becoming more expensive The National Academy of Social Insurance and Catalyst for Payment Reform have joined together to compile a new catalog that outlines the efforts that states are making to address the issue of health insurance costs. In the wake of health care reform, insurance companies have had to offer coverage to a wider range of consumers and provide these consumers with better benefits. In order to offset the financial losses associated with health care…

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Health insurance legislation sparks controversy in New Jersey

S.Vagus
new jersey health insurance

Legislation aims to change the way insurance arrangements for employers work Controversial legislation in New Jersey has managed to speed its way through the state’s Legislature, but has encountered an legislative hurdle that may be difficult to overcome. The legislation, called A3421, is designed to create incentives for businesses to band together in order to offer health insurance policies through self-funded Multiple Employer Welfare Arrangements. Critics of the legislation suggest that this is a way for employers to charge more for the coverage they sponsor for older workers. Companies in…

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Is Health Insurance Worth It?

Note From The Editor
health insurance cost medical

Health insurance can be a tricky subject. Many people consider insurance coverage to be vital, holding a place of importance in their lives that few other things approach. Others tolerate insurance coverage, thinking of its as a necessary expense that they are neither fond of nor hate. Still others believe that insurance is a waste of money that could be better spent on other things. Like all forms of insurance, the value of health coverage is a matter of perspective. In the U.S., health insurance coverage is mandatory, but that…

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